Message from the Chairman of the TCPP Board of Trustees

The Teamsters Union in Canada has been serving its members for 50 years providing fair opportunities in the workplace, equality and security. As part of our commitment, it is of paramount importance that our members have access to a pension during their retirement years.

Our Teamsters members are part of many different pension plans across Canada. The Teamsters Canadian Pension Plan (TCPP) is one of the many plans that cover our members, for which I am honored to serve as the Chairman of the Board.

The TCPP was formed with just 500 members in 1981, and has grown by leaps and bounds to over 13,300 members (active, inactive and retired) today, made up of highly diverse groups spread over 8 divisions across Canada. As of the last filed valuation filed with regulators on December 31, 2024, the Plan had a funded ratio of over 121%. This buffer above 100% is in place to help manage the Plan through times of uncertainty such as the pandemic and the current economic environment.

The TCPP’s investment philosophy allows the Plan to adjust to positive or negative changes in interest rates without having a major impact on the Plan’s ability to pay pensions. Pension plans are ever evolving due to changes in the economic environment, aging workforce, longer life expectancies, and regulatory frameworks. With the help of its professional advisors, we are proud to say that despite the various challenges, TCPP continues to be secure and financially strong, and our members can retire with dignity and with an adequate pension.

The Trustees of the TCPP are committed to ensuring the plan continues to remain sustainable in the long term, to deliver the promised benefits. This is what the Teamsters Union does – represent our members’ best interests – every second of every day, now and into the future!

François Laporte
Chairman, TCPP Board of Trustees